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The Future is Paperless

What is e-invoicing?

Electronic invoicing or e-invoicing is the automated creation, exchange and processing of invoices between suppliers and buyers using a structured digital format.

This means no more paper, word or pdf invoices, less manual processing and faster payments.

Watch the video below to get a first impression of e-invoicing

Source: IMDA

How does e-invoicing work?

Singapore has, as the first country in Asia, decided to adopt an electronic invoicing standard called PEPPOL This standard allows companies and organisations to exchange invoices via a single network while being flexible on how to connect to this network.

Companies connect to the network via an Access Point like eInvoice.sg and are then able to send and receive electronic invoices.

Your Access Point will route your invoices through the PEPPOL network to the recipient and forward all your vendors' invoices to you.

You can connect to the Access Point directly from your ERP or accounting system or use our Web-Portal to create and receive invoices.

Characteristics of the PEPPOL network

Open Standard

Open standard intended to bridge interoperability across different business solutions.

Clear Framework

Technical and legal framework at national and international levels – IMDA in charge for Singapore.

Connect Once, Connect to All

Participants connect to one Access Point and they are connected to all participants on the network.

Low Costs

e-invoice delivery charges are generally expected to be low. Access Points charge based on value-added services.

More Than Invoicing

The same network will in the future also support delivery of catalogues, PO and DO.

 

(PEPPOL stands for Pan-European Public Procurement On-Line)